News Releases

Oct 08, 2009

TROY GOLD PROPERTY - RESULTS OF 2009 EXPLORATION PROGRAM

Vancouver, British Columbia: Edgewater Exploration Ltd. ("Edgewater" or the "Company") announces results of the 2009 exploration program on the Troy Gold Property.

The 2009 exploration program on the Troy Gold Property comprised diamond drilling (four holes for 438.8 m), geological mapping, and soil sampling accomplished over a 15 day period during July.

Drilling tested the Troy (TY09-01, -02) and the Road (TY09-03, -04) zones. Gold mineralization at these targets is hosted by shear zones characterized by strongly deformed chlorite-sericite schist, up to 7% disseminated pyrite and localized silica alteration. These shear zones locally bifurcate and exhibit variable and gradational strain. Although these targets have been channel sampled, they had not previously been drill-tested.

All four holes encountered minor, narrow intervals of low-grade gold mineralization. The most significant mineralization occurred at the Troy Zone in hole TY09-02 where three zones of anomalous gold are present (Table 1). At the Road Zone a 0.49 m sample in TY09-03 returned 3.30 g/t Au, while all other samples returned less than 0.6 g/t Au. In holes TY09-01 and TY09-04, all gold values were less than 0.5 g/t Au.

A grid-style soil survey was conducted west of the Troy Zone to cover the strike extension of the host shear zone. Results from the soil sampling grid show three zones of weakly anomalous gold values (10 -- 50 ppb Au) east, south, and west of Troy Lake. A single sample collected 100 m west of the Troy Zone, returned 1630 ppb Au.

Drill results indicate shear zones at both the Troy and Road Zones contain anomalous gold consistent with that observed at surface. The soil grid has identified several areas of weakly anomalous gold which coincide with the westward projection of the Troy Shear Zone based on surface mapping. An unexplained region of highly anomalous gold in soils occurs immediately west of the Troy Zone. This area deserves follow-up work to investigate the potential for a higher-grade region of the Troy Shear Zone.

All samples were submitted to the ALS Laboratory Group preparation facility in Timmins, Ontario. Drill holes were sampled based on visible mineralization and alteration. Most samples were one meter in length, with smaller samples collected locally to constrain geological features (veins, structures and sulphide variation). A total of 159 samples (including QA/QC) were collected from drill core.

Dr. Darcy Baker supervised and approved the preparation of the technical content of this news release. Dr. Baker is a professional geologist with Equity Exploration Consultants Ltd., is registered with the Association of Professional Geoscientists of British Columbia and is a Qualified Person (QP) as defined by NI 43-101."

On behalf of the board of
EDGEWATER EXPLORATION LTD.
"Edward Farrauto"

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